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Nguyen Dang Thanh, chairman of TTC Land and HAN Yong Soo, executive vice president and head of Overseas Business Division of Lotte E&C at the singing ceremony. — Photo courtesy of TTC Land Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land) and South Koreas Lotte Engineering and Construction Co., Ltd (Lotte E&C) signed a strategic partnership agreement to jointly develop property projects on November 21. Lotte E&C will invest around US$100 million in the projects, including $22 million in early next year. TTC Land will research and do the planning for projects and complete legal procedures to ensure unencumbered land is available for the projects. Lotte E&C will arrange finance for the projects as well as participate in the design, construction and marketing activities of these projects. As a main member of Lotte Group, Lotte E&C is a leading real estate developer and general contractor in various sectors in the construction industry in Korea and … [Read more...] about Koreas Lotte to invest $100m in property joint venture with TTC Land

Report shows 81% don't exercise enough with effects on health, brain development and social skills. Four in five 11- to 17-year-olds around the world are not taking enough physical exercise, according to the first such analysis. The World Health Organization says children's health is being damaged as well as their brain development and social skills. It says failing to take the recommended hour a day of exercise is a universal problem in rich and poor countries. Boys were more active than girls in all but four of the 146 countries studied. What exercise counts? Pretty much anything that makes the heart beat more quickly and the lungs breathe harder.  It could include: running cycling swimming football hopping skipping gymnastics The target is 60 minutes of moderate-to-vigorous exercise a day. "I don't regard it as a ridiculous target," the WHO's Dr Fiona Bull says. "It is evidence-based to establish good health and development." The difference between moderate and vigorous is … [Read more...] about ‘Global epidemic’ of childhood inactivity

The company aims to be the largest hardware retail chain in Vietnam with 20-40 outlets within the next 10 years, a representative of the company said. The company enters Vietnam as rising urban incomes sees increasing demand for furniture and household items, the representative added. Before Vietnam, Ace Hardware entered several other Asian markets like Indonesia, Philippines and South Korea. The Illinois-based company, established in 1931, has over 5,200 outlets in almost 70 markets. According to the Ministry of Industry and Trade, on average, 1-3 retail stores are needed per 1,000 people. However, only 7,012 stores are considered modern retail stores in Vietnam. The country’s revenue from selling goods last year rose by 11.7 percent from 2017 to $142 billion, up 12.4 percent from 2017. … [Read more...] about US retailer Ace Hardware enters Vietnam

The US-China trade war may be behind such a record figure. Vietnam’s trade deficit with China hit a record high of US$29 billion in the first ten months of 2019, an increase of nearly US$9 billion over the same period last year, according to the General Department of Vietnam Customs (GDVC). In the January – October period, Vietnam spent over US$62 billion on importing goods from China, up 16.1% year-on-year and accounting for 29.6% of the country’s total imports. While the imports increased sharply, Vietnam's exports to China were about US$33 billion, down 1.4% year-on-year or about US$500 million, accounting for 15% of total exports. Vietnam ran a deficit of over US$24 billion with its giant neighbor in the whole 2018. A report from Bao Viet Securities Company (BVSC) attributed the US – China trade war to the widening of the deficit. Since the trade war between the two major countries broke out, many experts and regulators warned that Chinese goods would seek … [Read more...] about Vietnam Jan-Oct trade deficit with China hits record high of US$29 billion